Nations INC FY2019 filing

IRS exemption revoked

Aitkin, MNUnknown exempt organization EIN 46-4345643Revenue $10.7M in FY2019Latest return filed Apr 13, 2021

On file with the IRSnationsinc.orgAitkin, MN

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Nations mission is to bring economic development to impoverished and low income communities thru its fund generating programs in entertainment fund raising, festival sponsorship fund raising that both promote renewable and sustainable responsibility formats in accordance to our charter. Nations has sponsored 60+ events since its launch via its nine product sets and ticketing software services.

Form 990 Part I, line 1, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4345643) · Dispute this line
20¢ of each $1 spent went to programs.
$658K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
The latest return is for FY2020, 6 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $1.9M a year · 34% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
20%
of spending
20% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$658K
to officers and key staff · 11% of spending
Pay to officers and key staff is 11% of spending.
Part VII, Section A
1.0 mo
of spending, in cash
1.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
22% of total assets
Liabilities are 22% of assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$10.7M
Spent
$6.1M
To programs
20%
Net assets
$6.5M
By yearFY2019–FY2020
Revenue
$10.7M
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$10.7M
FY2020$348K
Expenses
$6.1M
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$6.1M
FY2020$1.2M
Net assets
$6.5M
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$6.5M
FY2020$126K

From the FY2019 Form 990 · see the original

IRS revoked this organization's tax-exempt status on May 15, 2024
You’re viewing the FY2019 filing — not the latest on file. See the latest (FY2020) →

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

20 cents of each dollar spent went to programs.

Program services 20% · $1.2M Management & general 4% · $235K Fundraising 76% · $4.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $658K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Stage & Security Manager
$95,000Pt VII · Sec A
Agency
$87,400Pt VII · Sec A
Promotor Stage Manager
$65,400Pt VII · Sec A
$65,000Pt VII · Sec A
Sound & Stage Manager
$62,500Pt VII · Sec A
Executive Director
$62,000Pt VII · Sec A
$45,600Pt VII · Sec A
Box Office Manager
$43,560Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2020FY2019
Doug Thornton$95,000$95,000
Jazzdust$87,400$87,400
Rick Campbell$65,400$65,400
William Forder$65,000$65,000
Kelly Heathcote—$62,500
Jeff Blanchette$62,000$62,000
Sherry Doran—$45,600
Ashley Hellrung$43,560$43,560

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Nations INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Generates funds through entertainment and festivals to support economic development in low-income communities.

Questions for Nations INC

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3 programs · $815K · in their own filed words · FY2019
01

Www.7flagseventcenter.com

Located in Clive, Iowa, a suburb of Des Moines, Iowa, Seven Flags Event Center is the destinations for exclusive events and to see top name entertainment. Seven Flags Event Center is equipped with state of the art audio and visual technology, permanent stage area, exclusive VIP seating areas, dressing rooms and food & beverage outlets.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4345643) · Dispute this line
$286Kprogram expense
02

Www.2100club.com

Located in Des Moines, Iowa, the 2100 Club program for large festivals and to engage top name entertainment. 2100 Club is equipped with state of the art audio and visual technology, permanent stage areas, outdoor tents, outdoor equipment complete with exclusive VIP seating areas, dressing rooms and food & beverage outlets.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4345643) · Dispute this line
$283Kprogram expense
03

Www.basis.tv

Basis TV is a our promotional program designed for coordinating large scale events and concerts featuring the world's best entertainers! Acquired in 2019 this program will ensure our cross platform events are successful fund raisers for years to come.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-4345643) · Dispute this line
$247Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2022 · $6.6M federal money spent
Shuttered Venue Operators Grant ProgramSmall Business Administration · ALN 59.075 · Direct$6.6M

The auditor reported no findings.

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$10.7M
Ln 12
Other incomeLn 4–11$5.3M
Fees for servicesLn 2g$4.5M
Gifts and grantsLn 1h$923K
Money outPt IX
$6.1M
Ln 25
Programscol B$1.2M
Managementcol C$235K
Fundraisingcol D$4.6M
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$482K
Total assetsLn 16$8.3M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
15
listed · VII A
PaidVII A13
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$923K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$4.5M
Other incomeLn 4–11$5.3M
Total revenueLn 12$10.7M
Assets in detailPt X, end of year
CashLn 1$482K
Cash and savings togetherLn 1–2$482K
Accounts receivableLn 4$6.0M
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$8.3M
LiabilitiesLn 26$1.8M
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 512
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$38K$482K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$1.8M
Total assetsLn 16$38K$8.3M
LiabilitiesLn 26$0$1.8M
Net assetsLn 32$38K$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$137K$0$137K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$771K$590K$0$180K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$96K$0$96K$0
Accounting feesLn 11c$2K$0$2K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$4.1M$4.1M
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$614K$614K$0$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$35K$0$0$35K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$304K$0$0$304K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$6.1M$1.2M$235K$4.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 LatestFiled with the IRS Apr 13, 2021 $348K$1.2M−$832K$126K 990 PDF
FY2019 ViewingFiled with the IRS Apr 8, 2021 $10.7M$6.1M$4.6M$6.5M 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2019 990
Part I · Summary $10,697,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$923,442
I-9 Program service revenuePrior year $0$4,500,934
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$5,272,664
I-12 Total revenuePrior year $0$10,697,040
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$907,550
I-16a Professional fundraising feesPrior year $0$4,126,600
I-17 Other expensesPrior year $0$1,050,265
I-18 Total expensesPrior year $0$6,084,415
I-19 Revenue less expensesPrior year $0$4,612,625
Part VI · Governance 0 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $10,697,040 across 15 lines filed
Lines not itemized here account for $3,420,557 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$923,442
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$923,442
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,386,764 · Unrelated business $0 · Excluded from tax $0$4,386,764
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $26,610 · Unrelated business $0 · Excluded from tax $0$26,610
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $671,710 · Excluded from tax $0$671,710
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,267,957 · Unrelated business $0 · Excluded from tax $0$1,267,957
VIII-12 Total revenueRelated to mission $9,101,888 · Unrelated business $671,710 · Excluded from tax $0$10,697,040
Part IX · Statement of functional expenses $6,084,415 across 27 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $0 · Management $137,000 · Fundraising $0$137,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $590,100 · Management $0 · Fundraising $180,450$770,550
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $96,000 · Fundraising $0$96,000
IX-11c Accounting feesPrograms $0 · Management $1,850 · Fundraising $0$1,850
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $4,126,600$4,126,600
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $613,670 · Management $0 · Fundraising $0$613,670
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $34,700$34,700
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $304,045$304,045
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $1,203,770 · Management $234,850 · Fundraising $4,645,795$6,084,415
Part X · Balance sheet $8,312,833 assets, 31 lines filed
X-1 Cash, non-interest-bearingStart of year $38,500$481,800
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$6,000,179
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$1,830,854
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $38,500$8,312,833
X-17 Accounts payable and accrued expensesStart of year $0$800,854
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$204,500
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$415,000
X-24 Unsecured notes and loans payableStart of year $0$410,500
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$1,830,854
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $38,500$6,481,979
X-32 Total net assets or fund balancesStart of year $38,500$6,481,979
X-33 Total liabilities and net assetsStart of year $38,500$8,312,833
Part XI · Reconciliation of net assets $6,481,979 net assets at year end
XI-1 Total revenue$10,697,040
XI-2 Total expenses$6,084,415
XI-3 Revenue less expenses$4,612,625
XI-4 Net assets at start of year$38,500
XI-5 Net unrealized gains (losses) on investments$830,000
XI-6 Donated services and use of facilities$1,000,854
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,481,979

Form 990 e-file FY2019 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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